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Housing Counseling agencies participating in HUD's Housing Counseling Program are not permitted to charge consumers for these specific housing counseling services. You do not need to pay for these services. However, housing counseling agencies are permitted to charge reasonable and customary fees for other forms of housing counseling and education services. So if you're seeking their help for other services such as pre-purchase, reverse mortgage, rental, and non-delinquency post-purchase counseling services, they can charge you fees. But they must meet the following conditions:
Source: HUD
There are not for profit foreclosure prevention counseling services out there. But, there are still small fees involved. If you need a free foreclosure prevention counseling, try the HUD, U.S. Department of Housing and Urban Development.
Housing Counseling agencies participating in HUD's Housing Counseling Program are not permitted to charge consumers for these specific housing counseling services. You do not need to pay for these services. However, housing counseling agencies are permitted to charge reasonable and customary fees for other forms of housing counseling and education services. So if you're seeking their help for other services such as pre-purchase, reverse mortgage, rental, and non-delinquency post-purchase counseling services, they can charge you fees. But they must meet the following conditions:
- Agencies must provide counseling without charge to persons who demonstrate they cannot afford the fees;
- Agencies must inform clients of the fee structure in advance of providing services;
- Fees must be commensurate with the level of services provided.
Source: HUD
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Date Added: 2010-08-21 Views : 261
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